Topic: Would like to know if anyone has heard of BitClub Network (Read 11436 times)

There are occasional referral shill posts made on this dead thread which are deleted as spam.
 I started a thread documenting BCN from a skeptical point of view, which I update on an ongoing basis with information I receive from disillusioned members and other sources, which you may find helpful.

The Tl,dr is basically

MLM comes to Bitcoin, in the shape of a possibly Romanian based pyramid scheme which is heavily promoted in conventional MLM style by an assortment of professional pimps with a long history of pumping crap schemes for referral commissions.

Large numbers of contracts are sold with the sales pitch of "Don't miss out on the new thing, Bitcoin, give us your money and get rich".

BitClubPool is started and mining is being done. It is assumed that the equipment has been bought from the $m's raised from non crypto savvy "investors".

Many grand promises are made including the launch of Clubcoin, merchant acceptance, ATM's, future purchase of cutting edge technology etc. none of which have materialized.

MLM schemes heavily use social media to reach gullible noobs and also take advantage of the "delete" button when awkward questions are asked, but direct feedback indicates plummeting ROI's for the locked in investors.

BCN withdraws from the US market, probably because of the threat of legal action for unregistered securities offerings being brought against the identifiably US based promoters.

BCP stats indicate around 40 P/hs of mining (including that for third parties) being done and yielding an average of around 4 blocks per day.
100 BTC is no chump change, but after overhead and the huge cost of the referral matrix, taking into account the unlimited number of contract sales that have been made and the approach of the halving, it's my view that Bitclub Network resembles a huge fraction activity Ponzi scheme which benefits only those "on the inside" receiving huge and ongoing referral commissions at the top of the matrix tree, and is unsustainable in the longer term when the locked in 2/3 year long contracts will become worthless.

 

did it just die?

tmfp, yup you are correct. The day will come when justice will prevail. I only hope to see them go to jail 

Ignore the driveby parasite mate.
I'd like to be a fly on the wall when the Day Comes and our Aussie friend has to explain to his 300 suckers where the moneeeez went....

WOW, so if this f$#@*& SCAM was legit why would Bitclubnetwork stop doing business in the USA?
BitClub Network abandon USA, could it be that your legit company be on the run from Regulators?

Read all about it here

http://behindmlm.com/companies/bitclub-network/bitclub-network-abandon-us-on-the-run-from-regulators/#more-28752

Now who is the absolute misinformed idiot?? Hahaha indeed 

Hahaha you absolute misinformed idiot. BitClubNetwork is totally legitimate and very much alive and delivering what they promise. The mining is real and can be verified by a third party, the best one of all, the BlockChain. Since August 2015, I have built a team of 300 who are all happy campers and many of them passive as well so BitClub is definitely not a money game or Ponzi.

Re: your complaint below, I tend to favour the answer BitClubNetwork sent to you in the replies hahaha. They were probably right.

I know this post is months old but it was brought to my attention by one of my BitClubNetwork prospects doing due diligence because he was considering joining me in the venture. After explaining the fiasco Re: this post, he promptly joined my team and bought a founder's position.

To any of you doubting Thomas's out there, I challenge you to come up with some sort of feasible evidence that BitClubNetwork is a scam. Quite the opposite, in fact we are currently #5 or 6 biggest mining company in the world and climbing the ladder rapidly.

IF ANYONE WOULD LIKE TO BE CONSIDERED FOR A POSITION IN MY TEAM, PM ME TO MAKE AN APPOINTMENT :-) :-)

Will be interested to follow your progress.
I'd be wary of posting too much detail regarding your account, as these type of operations have a tendency to ignore difficult customers and, as you are finding out, it's hard to actually pin down who you are dealing with.

I have put together my overview of BCN here https://bitcointalksearch.org/topic/bitclub-network-mlm-promises-false-testimonials-and-pos-coin-avoid-1152263
Anything you feel comfortable sharing will probably get more reaction there, or you can PM if you think I can be of any help.
Good Luck, you'll need it.

Here is the so called proof of me taking the btc.
Such liars and scumbags.


BitClub Network
4:07 AM (3 hours ago)

to me
Here is the evidence we found against you. One of the great things about
Bitcoin is the blockchain doesn't lie... But it's clear you do!

Instead of writing you an email providing you all the proof, we decided to
post the evidence on our website in public view, in hopes that someone can
help us track you down for stealing 19.57 Bitcoin (which at the time was
valued at $5,049.06).

We gave you a chance to return the stolen Bitcoin because looking at the
false invoices you created it could have been an accident and a lucky
glitch that worked in your favor.

We were prepared to give you the benefit of the doubt on this if you had
sent back the Bitcoin knowing it was not yours, but you tried to deny it
so we have put together the smoking gun for you!

You made multiple withdrawals and then started opening multiple accounts
using the same computer and IP address and you will clearly see how all of
it is easily linked to you.

Not sure why you would pull this stunt, you seemed ethical but I guess the
greed got to you so now the collection process begins

Here is your page -
BitClub Network
4:07 AM (3 hours ago)

to me
Here is the evidence we found against you. One of the great things about
Bitcoin is the blockchain doesn't lie... But it's clear you do!

Instead of writing you an email providing you all the proof, we decided to
post the evidence on our website in public view, in hopes that someone can
help us track you down for stealing 19.57 Bitcoin (which at the time was
valued at $5,049.06).

We gave you a chance to return the stolen Bitcoin because looking at the
false invoices you created it could have been an accident and a lucky
glitch that worked in your favor.

We were prepared to give you the benefit of the doubt on this if you had
sent back the Bitcoin knowing it was not yours, but you tried to deny it
so we have put together the smoking gun for you!

You made multiple withdrawals and then started opening multiple accounts
using the same computer and IP address and you will clearly see how all of
it is easily linked to you.

Not sure why you would pull this stunt, you seemed ethical but I guess the
greed got to you so now the collection process begins

Here is your page - https://bitclubnetwork.com/fraud/1/lerdbaron.html

Feel free to share it... We will be!

Sincerely,
-BCN Support

Feel free to share it... We will be!

Sincerely,
-BCN Support

Potential reward for helping in regards to a Bitcoin Theft that happened on August 17th, 2015.

The BitClub Network user who is responsible for stealing 19.57 Bitcoin is username - LERDBARON

This user found a bug in our invoicing system that allowed him to add false credits to his account and he attempted to exploit this glitch as you will see from the evidence provided below.

LERDBARON, originally signed up on January 10th and began earning daily Bitcoin from Mining Pool #1 earning a total of .80813 Bitcoin with 789 days remaining on his contract.

Below in the screen shot of his account...

https://bitclubnetwork.com/fraud/1/lerdbaron.html

Everything was going good until this member found an accidental glitch on August 16th. This glitch allowed LERDBARON to create negative invoices and mark them paid by using available funds in the credit wallet. You can see this easily with the negative amounts in the table below for .9937.

He was able to do this 9 times and request 4 withdrawals that were paid to his Bitcoin address - 1D4RC3FGNX3mx5RvNwBqHZtKiwog7a39Rj - which you will see on the blockchain all payments made on the same day.

The total Bitcoin stolen so far is 8.343 BTC...

This was the first time anyone had discovered this glitch, up to this point our system had always been blocking negative invoice amounts but with an update to the invoicing system just 3 days prior to this happening we changed a setting that only checked to make sure invoices were not 0. In other words it was no longer checking for negative balances and this was likely a total fluke that happened on accident.

But greed proved to be too much for LERDBARON because if you look at the very bottom transaction shown on the page above, you will see an amount of 0.8 BTC sent to username - TOMASS.

This is an odd transaction because this user is not sponsored by LERDBARON nor is the user anywhere in LERDBARON's tree. So why would someone send Bitcoin to another user that is in a completely different organization and will not have any benefit for doing so? hmmmm lets take a look!

It turns out TOMASS was a phoney account created on Aug 16th using the exact same IP address that LERDBARON was using. So this was created and funded by LERDBARON. I guess because the user was in a different tree he thought we wouldn't notice it?

Here is the back office for user TOMASS...

As you can see the first transaction on the account came from LERDBARON in the amount of .8 BTC... He wasted no time in activating the account by paying $99 membership from the original stolen funds in LERDBARON's account. After the account was activated, he checked to make sure withdrawals would be paid by testing 3 transactions... One for .04, another for .3. and another for .08.

These were paid to the this Bitcoin address - 1FDcTCX7azfHuYgtwoXAWkfQBrmubJgLQj - as you can see this was a brand new wallet and these were the first transactions in the account.

Even better... Take a look at LERDBARON's bitcoin address above (1D4RC3FGNX3mx5RvNwBqHZtKiwog7a39Rj) you will see this in the 3rd transaction where he sends .34 Bitcoin from this wallet to his other wallet. You can easily see both sides of this transaction from the two links provided, and here is a screen shot

It may have been harder to find this conncetion but this was no mastermind doing this... This was just a lucky guy who found a glitch and figured he could get away with it, and honestly this is why our whole society needs the blockchain in the first place, to prevent stuff like this!

We have a saying we use often now... The BlockChain doesn't lie, people do!

Anyway, lets keep going because it continues to get deeper for this guy and he keeps stealing.

Total Bitcoin TOMASS has stolen = 2.3038 BTC

Total so far on both accounts = 10.646 BTC

Now at this point he decides to enroll a new person because it might be getting suspicious doing all these transactions in 1 day. So TOMASS enrolls username HYEPMAN... I think he probably meant hypeman, but who has time to spell check when there is Bitcoin to be stolen. So he creates another phony account using the same exact IP address for the 3rd time!

Below is a screen shot of the new account... You can clearly see how they were initially funded from TOMASS in the amount of .485 BTC (just enough to pay for the $99 membership). This guy wastes no time in doing the exact same thing by creating negative invoices and then withdrawing the coin racking up another 3.762 in stolen Bitcoin.

Bringing the grand total to 14.40 Bitcoin

Here is the Bitcoin address that HYEPMAN was using - 1JefaDwtSEr7RmA4dBdmZYJ5EAcKyD7a6Q and you will see again all the payments being made by us... The funds go into here, and then quickly go right back to the original LERDBARON account and you can track this easily on both sides.

This guy was not hard to catch, but he actually opened 5 more accounts and tried to do the same thing on each. He did get a few more withdrawals taking the total to 19.57 Bitcoin, but it could have been a lot worse. All this happened within a short 24 hours. Of course this guy continues to deny it even after seeing how easy it was to track his actions on the Blockchain.

He is even trying to say we scammed him and is actually threatening to go to the authorities if we don't give him back his initial mining pool funds back... We hope he does try it because we may end up getting our stolen Bitcoin back when they see how obvious it is.

On a serious note... This person has stolen over $5,000 from us and we want it back!

If you have any information please contact us,

[email protected]

************************************

Here is my one and only account

Status: 19990 confirmations
Date: 4/4/2015 10:56
From: unknown
To: 1EAdZqH5S4e6AgeqNg4TNeU8LsaZudPrPP (own address, label: BitClub Network)
Credit: 0.13994000 BTC
Net amount: +0.13994000 BTC
Transaction ID: 521edf0c07a61890d59ca2ad0a2350978aced6df55c694a8400ae40b1efb411f-000

 favdesu I was not shilling for anyone! If I had read https://bitcointalksearch.org/topic/m.12190311 -
I wold not have bothered to give them any of my btc 

obvious ponzi. see https://bitcointalksearch.org/topic/m.12190311 - faking user testimonials is a great indicator for a shady company. looks like OP here is was shilling hard for them

Sorry to read this.
I can't believe you were in the process of giving them another $3000.

I have cross posted it to the "Scam Accusation" thread that I started against BitClub Network recently, hopefully it might save anyone else getting ripped by these assholes.
Did you use a referral to sign up originally? If so, what/who?
If you have anything from your contact with them, any details, addresses etc. that you think may prove of assistance in fucking them up, please share it here..
https://bitcointalksearch.org/topic/m.12187896

well, I was wrong the bastards are SCAMERS! Do not spend with them

for the past few days I have not have access to my Bitclub Network account so I send in a support e-mail.

Subject: HI unable to log in to my account

AND WAS ABLE TO LOG IN ON SATURDAY BUT NOW I CAN NOT.

I TRIED TO RESET MY PASSWORD BUT I GET THIS MESSAGE

Data entered is not valid.

PLEASE ADVISE,

****************

BitClub Network
Aug 17 (2 days ago)

to me
Your account has been disabled!

You will receive an additional email in the next few days with all the
details, but you will no longer have access to BitClub Network.

We have found clear evidence of you attempting to exploit our invoicing
system and your accounts have all been flagged. We strongly recommend you
return any stolen bitcoin that you took from your actions in creating
these invoices to avoid further action.

******************
Me:
What? All the bitcoin I used was purchased from my Circle Account that I have linked to my bank account. How could I have exploited your invoice system? I can show all transactions and prove that the Bitcoin used is not stolen. Please advise

*******************
BCN:
You were not paying with Bitcoin inside your wallet and this is the
problem, instead you were creating invoices with negative amounts and
using your credit wallet to pay for them. This was a bug that you
exploited and we have since fixed.

You probably found this by accident while trying to add credits to your
main account (lerdbaron). However, after this worked you proceeded to open
two additional accounts (tomass) and (hyepman) and have been creating fake
invoices over the past two days.

No reason to deny any of this because we can easily track the IP address
used to access each of these accounts back to you.

In total you have stolen 19.57 Bitcoin spread out over these 3 accounts
and we are 100% certain about this due to some very high end security
tracking that we have in place.

So, you have two choices...

You can either send all the Bitcoin back to us and we will re-activate
your account and pretend this didn't happen. We will keep a very close eye
on your activity but you will be given full access to your main account

Or two, you can deny this and your accounts will be terminated and we will
file a report to the authorities with the information we have to try and
collect the stolen Bitcoin. Thanks to the transparency of bitcoin there is
no denying this one.

So your choice... We hope you make the right one!

Send 19.57 Bitcoin to - 1E3cXemSthD5ykLTe7Lzj2VEqXkjkqiCxJ

Or your account will be terminated and we will begin the collection process.

*****************
Me:
what are you talking about? I only have one account and only use lerdbaron. And have sent bitcoin using the same wallet, and have not taken the 19 btc you claim out. I was adding btc to my account to get up to $3500.00 and have enough for shares in all plans. So are you trying to steel my btc? If so I will have no choice but to report you to the Authorities in my state. Please restore my account or return my initial btc.

****************


BitClub Network
1:39 PM (22 hours ago)

to me
After further review your account is being terminated.

As you can see I was completely wrong about Bitclub Network I am 100% convinced that it is a SACAM!

Have sent an e-mail to the FBI Cyber Crimes division I don`t know how much if any btc I will be able to get back.

Sure, but my point is that there is not necessarily any connection between the ~2 Ph/s that they are claiming to have, and the value of contracts that they are selling.

Regarding qualification for visits to Iceland, this is when you see that the real focus of this operation is referral selling, not mining. To be a "Pro Builder" and get to see a few humming boxes, you have to be a pretty hard seller i.e. $10,000 per month, have 30 in your downline and a total of $50,000 in total enrollment.
This is for MLM pro's, not miners, to have a quick look at the Goose that's laying the Golden Eggs.

 tmfp, I would agree with you but according to the BitClub Network site....

BitClub Network new mining operation in Reykjavik Iceland.

Iceland provides the perfect environment for large scale mining because not only is the temperature cool all year round, but the island provides 100% clean and renewable energy by utilizing natural Hydroelectric and Geothermal technology.

This means we are not polluting the air and providing a very responsible and green way to mine for Bitcoin. We believe this will soon become a big issue in the world as the combined network power of Bitcoin continues to grow and the amount of electricity being used is outrageous. So we are taking a proactive step to be green! Oh, and it also helps this power is cheaper than anywhere in the world so it's a big Win-Win for our members to be green.

About 70% of our future expansion will be in this new facility. We continue to mine all over the world looking for the best scenarios and solutions for our members. We will never put all of our eggs in one basket but we plan to make this our biggest basket over the next few years.

If you would like to see this facility please contact us, we are allowing certain members exclusive access to tour this facility. You must be a Pro Builder or higher to be considered and in the near future we will even have special offers for Master Builders to get an all expense paid trip (details inside Member's Area).

So, if this is true some time in the future some people who have shares and meet the requirements will be traveling to see the mining facility.

The first part is hard to disagree with, as a pool in their name certainly appears to be mining.
The second part however, is a little less certain: because of lack of credible info it's possible that they are fractional mining i.e. selling 'hashrate' over and above what they have and meeting the expected micro payments from new investors' money.
The 'P' word.

OK, I will as it is my opinion that Bitclub Network is actually mining and sharing the btc with all who have shares.

NEW UPDATES
Mining Pool & Other Status Updates...
Date: August 12th

In this update we are going to share a little more about our mining pool payout and show you how to read the stats on our pool website so that you can understand more about the mining process and follow along as we expand.

*We also just updated our FAQ's page to include a lot of this information too so make sure you check it out (updated in English only for now)

Mining Pool Payout

Our new mining pool has been up and running for exactly 31 days. During this time we've hit a total of 26 blocks. You will see on our pool stats page that we started off with some bad luck when we launched hitting just 5 blocks over the first 10 days, then 6 blocks over the next 10 days, but then over these last 10 days we've hit a total of 15 blocks.

This is important because we pay out daily mining earnings based on the previous 10 day period and whatever is mined during these 10 days will be paid over the next 10 days and split among the total eligible shares. Basically you are always earning 10 days behind!

We have set this up to stabilize the payout and this is why when you first purchase a mining pool share you will not start earning for 10 days. This 10 day buffer allows us a chance to purchase new machines and increase the hashing power before the next round begins.

This is also why the payout doesn't jump up high on a good day and fall to zero on a bad day.

So, with that said... These next 10 days you should see a nice boost in your earnings thanks to the previous 10 days of good luck

More About Mining and "Luck"

Our pool website is - http://www.BitClubPool.com (click the link to follow along)

If you are not familiar with Bitcoin mining here is a basic overview and a simplified way to think about it...

Every 10 minutes a new block of 25 Bitcoin is found by someone in the network who is hashing. To find this block you are trying to solve a simple math equation by guessing the right answer over and over again until you get it right. When you finally get the right answer you "hit the block" and this creates the next block in the blockchain.

To see an example of this "guessing" go to our pool website above and look at the column showing Total Shares in the Round. This is basically showing how many times we have been guessing the answer since we hit our last block. You can also see the time that has elapsed.

All mining is tied to the Current Block Difficulty. This is how the network automatically controls the rate at which new blocks are being found, and it's constantly being adjusted so that no matter how much hashing power is plugged into the overall network it will take about 10 minutes for someone to find the right answer.

When the Total Shares in the Round is equal to the Network Difficulty it means a block should have been found. This is only in theory and it's based on the probability of guessing the answer. But since this is not exact it means luck can play a big factor and we actually track how lucky we are with each block.

To track this luck just scroll down to the blocks table that is showing a list of each block found by our pool. You will see under the column labeled Diff how many times our machines had to guess the answer before hitting the block.

Sometimes we get really lucky as you can see with Block#20... Other times we get unlucky and go way over 100% before a block is found as you can see from Block#6 which took us over 450%. Both of these cases are extreme and over time everything will average out to 100%. The more hashing power we have the smaller this variance in luck will become.

That's really all you need to know to follow along with our pool and we really encourage you to help us when the block we are working on turns unlucky. You can help by rubbing a lucky rabbit's foot, finding a 4 leaf clover, or do a silly dance if you think it will help get rid of the bad mojo and hit a block

Either way we hope this update gives you a basic understanding of the mining process happening with our pool. Stay tuned for more updates coming soon on ClubCoin and some other things we are working on.

Thanks for your support,
-BCN Support Team

Hold that thought....."increase the value 10 fold in six months."
Of course they're legit.
 

NEW UPDATE

BitClub Network is on fire!

We continue to grow very fast and this growth is happening all over the world. As of today we have members in over 80 countries and not only are we attracting high quality network marketing leaders, but we are also getting the attention of many Bitcoin experts who are now realizing BitClub Network is for real!

As our membership grows so does our mining pool, and the bigger our pool gets the more Bitcoin we are able to mine and share with you. We have also been very fortunate that the difficulty range and overall mining network has stayed pretty steady over the past year which has allowed us to execute on this business model and be profitable.

Right now our focus is on efficiency. Which means cutting costs, selling off older machines to deploy new ones, and continually expanding in the right way to maximize profits. Our mining facility in Iceland is already paying off big and it will be a key factor in our ability to expand in the future.

But even more exciting is what we are planning to do over the next 6 months that will increase the value of your membership 10 fold. We touched on this in the last update.

Debit Cards

We have been cranking through a lot of Debit Cards the past few weeks and there are hundreds that are now marked shipped and on their way. We love hearing when you receive them, so please let us know when you get yours in the mail. Also, if you want to take a picture and share a personal testimonial we would really like to hear from you and share your story.

We have another large batch being submitted for approval and updates on applications that have been declined. If you have been declined then you will be fully refunded and not charged anything. Also, if you paid for expedited shipping we are going to refund you on this too since it took a little longer to get all these through. You can expect this refund in the next week or so.

Please allow another few weeks to receive your card if you have not received it yet, If you stil have nothing by August 24th then open a new support ticket and we will take care of you on an individual basis. Please wait until the 24th because we will know 100% by then where your application status is.

The next batch of cards will open up the week of the 24th and now we have a much better process in place to get them approved. Stay tuned for details!

Short Update

Phase 2: ATM Network...

You may have heard whispers about some of the ATM's we have already deployed (so far 2 are live and 5 more are being placed for a total of 7). These ATM's are more than just getting cash out by converting your Bitcoin.

Each ATM is networked together to create a mini remittance network. This means you can walk up to any machine, put cash in and someone else on the other side of the world can find an ATM and get cash out.

We will explain this in detail after Phase 1 and you will even be able to own a piece of the entire ATM network if you are a Founder. We are also going to be turning members into ATM operators and will let you know how you can qualify to manage one of these ATM's. But the point is, these ATM's will fully support ClubCoin transactions creating a physical buy/sell platform that no other coin supports (except Bitcoin).

I think it could be that
1. As time goes by mining bitcoin will definitely be much harder and take longer for blocks to be mined. So, maybe the way for Bitclub Network to keep and insure profit for all passive members is to have the equipment mining the new Club Coin.

2. It could be a way for Bitclub Network to stays in profit once bitcoin mining is no longer viable.

3. or it could be just one of many scams, but only time will tell.

I think BitClub Network will be around for way over 1000 days. again this is just my opinion.

As a passive BitClub Network member I don`t need to recruit in order for me to get my daily bitcoin from the pool share I am in.

Again this could be legit or it could be a SCAM! and will keep posting updates 

So, what do you think OP?
Why would they do this?
In whose interests have they done this?
Does it make it more or less likely, in your opinion, that they will stick around for the 1000 days that it will take for your "investment" to pay out?



I mean, really..... 

Update:

ClubCoin - Plan for Launch

ClubCoin is almost here!

Over the past few months BitClub Network has been building a new Crypto Currency that will soon be launched to the public. We have been issuing this coin on a daily basis to all members based on every purchase made. For every $1 USD worth of Bitcoin you spend you will automatically receive 1 ClubCoin.

We are giving away 31,000,000 coins with another 9,000,000 being issued to Founders. This is an easy way to distribute the coins across our network and get them in your hands so you can start spending them, trading them, selling them, and even using them to mine more coins (which is called staking)

The hardest part about launching a coin is getting people to use it and we believe with our network we have a huge advantage in not only supporting it but growing an entire ecosystem around it.

Our plan for this coin is MASSIVE! We are not just launching the coin and hoping it sticks and some people use it. We are putting together a very strategic plan for mass adoption that has never been done before. In fact, this is only Phase 1 of 3 that we are currently working on right now.

Phase 1: Launch ClubCoin... This will be a fully working wallet and free market platform to stake and mine for new coins. The more coins you have the more weight your stake carries and the more coins you will be mining on a daily basis. This also includes being listed on exchanges and creating a real market to buy and sell the coin.

Phase 1...

we wanted to share a few screen shots of ClubCoin, the wallet, and some other details for you to see. Soon you will be able to download this and we will have a full tutorial to show you how to use it, but first here a few teasers...


Here is a screen shot of the default wallet. You decide what to keep available and what to stake
https://bitclubnetwork.com/templates/btc_template/images/cc1.png

ClubCoin developer details
https://bitclubnetwork.com/templates/btc_template/images/cc2.png

This is a live view of the transactions taken right as a new block was mined from the desktop
https://bitclubnetwork.com/templates/btc_template/images/cc4.png

Here is a picture of the Receive tab showing wallet addresses (you can create many ClubCoin addresses)
https://bitclubnetwork.com/templates/btc_template/images/cc3.png

We have a small team of people testing this right now and fixing bugs as we find them. Once we are happy with the version we will launch and give you a link to download your wallet. From here you will create a wallet address and then you will see a new field under My Profile to enter your ClubCoin address.

You will simply withdrawal your ClubCoin (just like you do Bitcoin) and it will be sent to your wallet. Once you receive the coin it will begin staking immediately and if you don't want to use the coins to stake you just set aside the amount you want to have free spending. The staked coins will be used to mine blocks and secure the network and you will be rewarded with newly issued ClubCoin.

We don't have an exact date of when this will be ready, but we are in the final stages of completion and should be providing the link very soon.

This opportunity is starting to really heat up and we are so excited for these next 3 phases. Make sure you get yourself positioned to take full advantage of what is coming and thanks for being a BitClub member!

Sincerely,
-BCN Support Team

Mining Pool Earnings as of 8/2/2015

Earned: 0.73272 BTC

Last 24 Hours: 0.00419
Last 30 Days: 0.73272

Auto Re-purchases:
Total: 0.53146 BTC
Unused: 0.01055 BTC

I to have heard about this club from a referral link founded in a site which do various publicity. I didn't like it firstly because the high shares that must pay. there are 500$, 1000$ and 2000$. Are big investments for an online site that don't promise nothing except shares about the results of everyday mining. No one must know if it will be break even and no one can know when it will be this break even. Then, secondly, I don't like to invest in mining bitcoin because of difficulty. Normally the difficulty will increase and this mean less and less earning from the same money. This mean even that maybe never you will have your money (remember that are not few money). To not speak for profits....

I have hear about BitClub Network and I know that they mine seriously. Have a good share in the mining pools which can be found easily if you find the graphic of all the mining pools. But I was not interested more on it because the money to pay for participating is very high for me. Begin from 500 $ and go even high. I can't pay this amount in something which I don't know or I can know only from a website online.

Never heard of BitClub network, will try to do some research on them.

Hard to say about the time frame for me to break even since every day the btc received by mining varies.
Here is my current stats.
Without the new mining facility. It will be interesting to see what if any difference would be one the new mine comes online.

07-31-2015   Pool   0.00043767   $ --   $ --   Received mining earnings totaling 0.00043767 BTC from your partial shares in mine 1
07-31-2015   Pool   0.00167561   $ --   $ --   Received mining earnings totaling 0.00167561 BTC from your full shares in mine 1
07-30-2015   Pool   0.00042730   $ --   $ --   Received mining earnings totaling 0.00042730 BTC from your partial shares in mine 1
07-30-2015   Pool   0.00167897   $ --   $ --   Received mining earnings totaling 0.00167897 BTC from your full shares in mine 1
07-29-2015   Pool   0.00043031   $ --   $ --   Received mining earnings totaling 0.00043031 BTC from your partial shares in mine 1
07-29-2015   Pool   0.00169080   $ --   $ --   Received mining earnings totaling 0.00169080 BTC from your full shares in mine 1
07-28-2015   Pool   0.00042945   $ --   $ --   Received mining earnings totaling 0.00042945 BTC from your partial shares in mine 1
07-28-2015   Pool   0.00168743   $ --   $ --   Received mining earnings totaling 0.00168743 BTC from your full shares in mine 1
07-27-2015   Pool   0.00043074   $ --   $ --   Received mining earnings totaling 0.00043074 BTC from your partial shares in mine 1
07-27-2015   Pool   0.00169251   $ --   $ --   Received mining earnings totaling 0.00169251 BTC from your full shares in mine 1
07-26-2015   Pool   0.00042988   $ --   $ --   Received mining earnings totaling 0.00042988 BTC from your partial shares in mine 1
07-26-2015   Pool   0.00168913   $ --   $ --   Received mining earnings totaling 0.00168913 BTC from your full shares in mine 1
07-25-2015   Pool   0.00040468   $ --   $ --   Received mining earnings totaling 0.00040468 BTC from your partial shares in mine 1
07-25-2015   Pool   0.00170103   $ --   $ --   Received mining earnings totaling 0.00170103 BTC from your full shares in mine 1
07-24-2015   Pool   0.00040306   $ --   $ --   Received mining earnings totaling 0.00040306 BTC from your partial shares in mine 1
07-24-2015   Pool   0.00169426   $ --   $ --   Received mining earnings totaling 0.00169426 BTC from your full shares in mine 1
07-23-2015   Pool   0.00040550   $ --   $ --   Received mining earnings totaling 0.00040550 BTC from your partial shares in mine 1
07-23-2015   Pool   0.00170448   $ --   $ --   Received mining earnings totaling 0.00170448 BTC from your full shares in mine 1
07-22-2015   Pool   0.00040753   $ --   $ --   Received mining earnings totaling 0.00040753 BTC from your partial shares in mine 1
07-22-2015   Pool   0.00171305   $ --   $ --   Received mining earnings totaling 0.00171305 BTC from your full shares in mine 1

Small amounts I know at this rate it will take a long time before I get back my $599.

And just when my cynic buttons are being pressed, along comes this

Clubcoin POS, where POS doesn't mean Proof of Stake, more Piece of Shit


This from http://behindmlm.com/companies/bitclub-network-out-of-funds-clubcoin-announced/ the MLM scam site that I quoted in the previous thread and drew a touchy resonse from BCN.

Huge Red Flag.

So what's your time to break even on your $500, at current rate of progress?
Or is that $599 including the sign up fee?

EDIT

And shit like this from a shill site http://bitclub777.com/sample-page/fa/

BitClub has s a REAL opportunity for members to purchase mining equipment and various mining contracts that are used in mining for dozens of Digital Currencies (also called Scrypt Mining). We have created our own proprietary software that controls scrypt mining hardware and we are able to mine for the most profitable coin and then convert to Bitcoin instantly.

really pushes my cynic buttons.

 tmfp, thanks for the information. I noticerd a few days ago that I could order the card but  when I clicked on the link this is the message that comes up

*****Debit Card Batch #1 Sold Out*****
More Available Mid/Late August

Debit Cards - Batch #1 is SOLD OUT

Our first batch of debit cards sold out and we are not taking any new orders until all of them have been fulfilled. We expect the next batch to be available mid to late August.

For those of you who purchased a card your order is being processed and you will get an update about it this week. If you have been waiting awhile it's likely that your application was rejected and is being re-submitted. We had a large majority of our first batch sent back to us for various reasons (the main reason being invalid phone numbers and bad formatting).

*Please make sure all information you submit is valid and can be verified, these applications are very picky

If your application was rejected we have most likely already re-submitted it and are now just waiting on the shipment confirmation. We did receive news that a large batch of about 75 cards will be shipped this week and we are working directly with the card issuer to get everyone approved or denied by the end of this week.

If you are denied and unable to get a Debit Card then your order will be fully refunded and you can try again on the next batch if you wish.

Sorry for the delay on this, we have received many applications from different countries in different languages and it's taking time to sort through everything and get it pushed through, but we are confident we have dialed in the process and will have details about your order this week!

The blockchain never lies, they say.

BCN appears to have its roots in the MLM industry as I pointed out in this old thread
https://bitcointalk.org/index.php?topic=762075.20

I researched it a bit and came away with the distinct impression that it was a scam run by pros, but I have a vehement dislike for "networkers" and their parasitic MLM industry.
Now they are providing many of the proofs that "legit" cloud miners don't, including vids and pool, there's certainly no reason why you shouldn't invest if you feel comfortable with it, but as soon as I see this sort of crap, I don't care what the blockchain says, I run a mile

https://bitclubnetwork.com/compensation.html

Good Luck, let us know what happens and FFS get your stake money back out as soon as you ROI.

-------------
This is a bit strange too

https://www.reddit.com/r/Bitcoin/comments/38nf7t/bitclub_scam_or_not/

 luis.imperator that is your opinion, but could you please explain how I am earning bitcoin on a daily bases without having one single person who has joined under me and made any new spends? I thought I need new people to spend bitcoin in order to pay the people who first joined?

As you can see on the block chain BitClub Network continues to mine new blocks of bitcoin 25 btc on Aug 1

https://blockchain.info/blocks

367918 (Main Chain)   2015-08-01 10:04:16   BitClub Network   000000000000000000e98817b3390c24beec15fd7bf84f30818302847d45869b

That's a fantastic scam.

Please for anybody new to this, interested. Pleas check this thread first:
https://bitcointalksearch.org/topic/cloudmining-101-ponzi-risk-assessment-878387

That video is so bad and so fake.

BitClub Network - Iceland Facility

https://youtu.be/9UCwlkXG0E0

New Mining Pool is LIVE

BitClub Network mining pool was completely re-built and is waiting on the deployment of this new facility to re-launch. This happened a few days ago and is now fully LIVE and ready for miners to join. In fact, BitClub Network has already hit 3 blocks in the past 3 days and is still bringing over more power.

Check out BitClub Network on the BlockChain...

https://blockchain.info/pools   1%

Block 1
https://blockchain.info/block-index/931513/00000000000000000e379cd54522ee16e8e8adf010aee8362be5de4e6b8bead0

Block 2
https://blockchain.info/block-index/921431/000000000000000009e1ef16e96062d92cf2a022088d7939077fefe4889e314a

Block 3
https://blockchain.info/block-index/921369/0000000000000000005f83ec58660135a83cc29fc42719968df332234949a346

Noticed a nice boost in the payout when this power went online.

BitClub Network - Iceland Facility coming online soon 

I found the live block chain pool for BitClub Network
scroll down to the bottom you can see BitClub Network Hash-rate Distribution

https://blockchain.info/pools

here you can see the block trail

https://www.blocktrail.com/BTC/block/000000000000000009e1ef16e96062d92cf2a022088d7939077fefe4889e314a

just in case anyone would like to join me here is the link

https://bitclubnetwork.com/lerdbaron/home.html

Disclaimer - I have been in this one since 01-10-2015

This one has been around for some time now and it claims to help you,

EARN PASSIVE INCOME...

With BitClub our main objective is to help educate you on the crypto currency market and provide opportunities for you to participate in that will give you both short-term and long-term gains. One of the easiest ways to earn is through our passive income mining pools.

It works like this... You can purchase shares in 3 different mining pools and the profits earned from each pool will be paid based on which pool you participate in. You pay a one time $500, $1,000, or $2,000 USD to receive 1 share of the mining pool profits.

With your purchase you will receive a share of profits from the mine for 1,000 days! (just under 3 years). A percentage of all Bitcoin profits earned from the actual mining process will be used to purchase new equipment and managing the expansion of the mining operations.

*No Sponsoring Required to Earn Mining Pool Profits

BITCLUB MINING POOLS

Mining Pool #1 -- Each share cost $500 USD that will be used to purchase new equipment and fund the mining operations. Every day the total Bitcoin earned from this mine will be split among all members in the pool and paid out daily. Each share earns 50% profit with 50% used to purchase additional shares.

Mining Pool #2 -- Each share cost $1,000 USD and just like Pool #1 the total Bitcoin earned will be split among all members in the pool and paid out. Each share earns 60% profit with 40% used to purchase additional shares.

Mining Pool #3 -- Each share cost $2,000 USD and the total Bitcoin earned will be split among all members in the pool and paid out. Each share earns 70% profit with 30% used to purchase additional shares.

Example: Using Mine #1, if the total Bitcoin mined for the day = 1 BTC and there are 100 shares outstanding then each share would earn .01 BTC. From this 50% would be paid in profit per share (.005 BTC) and 50% (.005 BTC) would be used to purchase additional shares.

So if the value of 1 Bitcoin = $500 USD and you have 1 share then you would earn $5 USD (.01 BTC) of which $2.50 is paid to you and $2.50 is used to purchase an additional share on your behalf. In this case you would purchase an additional .005 shares with your $2.50 and you would have a total of 1.005 shares going into the next day that you are now earning on.

IMPORTANT: Each full share purchased will last for 1,000 days. The reason we set this to 1,000 days is due to to the constant increase in calculations and computing power required as the math gets harder and harder to mine more Bitcoin (or other Crypto Currency). Therefore, we have identified this 1,000 day window as an ideal time frame based on how the market is today.

TIMING IS RIGHT NOW...

Today almost everyone has access to the Internet and uses it everyday. In the first few years of the Internet everyone knew about it but most people hesitated in jumping in until it became "mainstream." That is exactly where Bitcoin is right now... Just imagine if you knew then what you know now about the Internet, you could have made millions if you took action.

Bitcoin has been here since 2009 and it's here to stay!

However, it's not yet mainstream and that's what we call a HUGE opportunity! Don't miss your chance to cash-in because somebody is going to... It might as well be you!

BitClub Network provides screen shots of it`s mining from the BlockChain

https://bitclubnetwork.com/templates/btc_template/images/piebcn.png

https://bitclubnetwork.com/templates/btc_template/images/rank.png

https://bitclubnetwork.com/templates/btc_template/images/bcbcn.png

Also found BitClub Network Mining Video Tour

https://youtu.be/bUGZmWwZvhI

****************************************

I have been earning bitcoin from pool share 1 since I joined here is just a some of my most resent earnings

07-18-2015   Pool   0.00028854   $ --   $ --   Received mining earnings totaling 0.00028854 BTC from your partial shares in mine 1
07-18-2015   Pool   0.00121288   $ --   $ --   Received mining earnings totaling 0.00121288 BTC from your full shares in mine 1
07-17-2015   Pool   0.00028970   $ --   $ --   Received mining earnings totaling 0.00028970 BTC from your partial shares in mine 1
07-17-2015   Pool   0.00121775   $ --   $ --   Received mining earnings totaling 0.00121775 BTC from your full shares in mine 1
07-16-2015   Pool   0.00052219   $ --   $ --   Received mining earnings totaling 0.00052219 BTC from your partial shares in mine 1
07-16-2015   Pool   0.00219502   $ --   $ --   Received mining earnings totaling 0.00219502 BTC from your full shares in mine 1
07-15-2015   Pool   0.00052324   $ --   $ --   Received mining earnings totaling 0.00052324 BTC from your partial shares in mine 1
07-15-2015   Pool   0.00219942   $ --   $ --   Received mining earnings totaling 0.00219942 BTC from your full shares in mine 1
07-14-2015   Pool   0.00052376   $ --   $ --   Received mining earnings totaling 0.00052376 BTC from your partial shares in mine 1
07-14-2015   Pool   0.00220162   $ --   $ --   Received mining earnings totaling 0.00220162 BTC from your full shares in mine 1

So, It looks to me that BitClub Network is actually mining. I have not referred anyone to this one yet. All earnings as you can see are from my full pool 1 share and partial shares that are repurchased automatically by the system.

please post if you have heard any thing regarding this one good or bad.